Borderaux Analyst
Posted 7 days ago by Next Employment Ltd
£50,000 Per year
Undetermined
Undetermined
City Of London, England, United Kingdom
Summary: The Borderaux Analyst will support the underwriting and claims team by ensuring accurate and timely data entry and reporting for binder business. This role involves processing bordereaux submissions, creating mapping templates, and improving data quality through collaboration with various stakeholders. The ideal candidate will have experience in an operations role within the insurance sector, particularly in the London Market.
Key Responsibilities:
- Accurate and timely binder data entry into the Business's systems (Risk, Premium and Claims).
- Submit relevant bordereaux to the Binder Bordereaux System for processing of data (Risk and Premium).
- Create risk and premium mapping templates for new binders/sections and amend existing templates when needed.
- Resolve validation errors on binder data and escalate issues to Underwriters, Coverholders or the Delegated Underwriting Team as applicable.
- Work towards improving binder's data quality over time through discussions with brokers, underwriters and claims bordereaux account managers.
- Escalate missing claims bordereaux submissions to the Claims Team.
- Quality control of mapping templates from our outsourcing team for Claims Bordereaux.
- Mapping and Processing of Risk and Premium Bordereaux to a Bordereaux Management system.
Key Skills:
- Min 12 months experience within Binders/DA in an operations role.
- Experience working within Insurance/London Market.
- Team player with ownership of Broker/Coverholder issues.
- Previous experience working with an Outsource provider is an advantage.
Salary (Rate): £50,000.00 yearly
City: City Of London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Borderaux analyst - 12 month contract
You will assist in delivering a first-class service to the underwriting and claims team, ensuring that the Business has the data necessary to allow for timely and accurate reporting and data analysis on binder business.
- Accurate and timely binder data entry into the Business's systems (Risk, Premium and Claims).
- Submit relevant bordereaux to the Binder Bordereaux System for processing of data (Risk and Premium).
- Create risk and premium mapping templates for new binders / sections. Amend existing templates when needed
- Resolve validation errors on binder data and escalate issues to Underwriters, Coverholders or the Delegated Underwriting Team as applicable.
- Work towards improving binder's data quality over time through discussions with brokers, underwriters and claims bordereaux account managers in relation to completion of mandatory and conditional data fields
- Escalate missing claims bordereaux submissions to the Claims Team
- Quality control of mapping templates from our outsourcing team for Claims Bordereaux
- Mapping and Processing of Risk and Premium Bordereaux to a Bordereaux Management system.
You will need
- Min 12 months experience within Binders/DA in an operations role and the desire to expand on this knowledge
- Experience working within Insurance/London Market
- Must be a team player and take ownership of Broker / Coverholder issues and provide support to other members of staff
- Previous experience working with an Outsource provider would be a definite advantage